Ralph Lauren Corporation (NYSE:RL) released its quarterly earnings data on Thursday. The textile maker reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09, Bloomberg Earnings reports. Ralph Lauren Corporation had a return on equity of 14.06% and a net margin of 1.29%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm posted $1.90 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year.
Shares of Ralph Lauren Corporation (RL) traded up $1.22 during midday trading on Friday, hitting $90.67. The company had a trading volume of 1,586,249 shares, compared to its average volume of 1,420,000. The company has a quick ratio of 1.83, a current ratio of 2.09 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.37 billion, a PE ratio of 15.68, a P/E/G ratio of 1.13 and a beta of 0.63. Ralph Lauren Corporation has a 52 week low of $66.06 and a 52 week high of $114.00.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Thursday, September 28th. Ralph Lauren Corporation’s payout ratio is currently 208.33%.
Several equities research analysts have issued reports on the company. Cowen and Company reaffirmed a “hold” rating and set a $89.00 price target on shares of Ralph Lauren Corporation in a report on Sunday, September 17th. Bank of America Corporation reaffirmed a “neutral” rating and set a $80.00 price target on shares of Ralph Lauren Corporation in a report on Thursday, July 27th. Buckingham Research reaffirmed a “neutral” rating and set a $68.00 price target on shares of Ralph Lauren Corporation in a report on Monday, July 17th. Zacks Investment Research raised Ralph Lauren Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Tuesday, October 10th. Finally, BidaskClub raised Ralph Lauren Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $88.61.
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Ralph Lauren Corporation Company Profile
Ralph Lauren Corporation is engaged in the design, marketing and distribution of lifestyle products, including apparel, accessories, home furnishings and other licensed product categories. The Company operates through three segments: Wholesale, Retail and Licensing. Wholesale business consists of sales made to department stores and specialty stores around the world.
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